Provectus Biopharmaceuticals Inc (PVCT)

[123tom]

...Nice instinct Ebuilder, ....look what PVCT did with the magic line at 1 dollar...

price got plowed right thru 1 dollar down to 95 cents,thats a big fail for the idea of 1 dollar as a 'special'support line.
Looks like its no different than any other support/resistance step.....(and looks like traders decided to sell if it fell below 1 dollar, and some stops getting run maybe,that 1 dollar line is a pesky price point.


The chart picture was looking like the pullback zone is down at 95-87 area anyway, so this pullback is going in that direction. and hasnt shown signs of abnormal collapse. I think right now, the lower targets in the short term chart picture,continue to be in play. and as long as price stays below 1 dollar,(no, correct that, this is the tricky zone....1.05 area, 1.05 area,not 1 dollar sharp, the zone 1.00-1.07 area, as the resistance zone....the eye sees 1 dollar...but thats the tricky trick .)
I favor those lower targets again. 94 area/92/90/89/87/ all these areas, for now, and maybe back to 81 cents....maybe another test of the lower 80's is more possible now, but I might start with 90-92 first. zig zag up and down territory now here between 85 and 1.05...maybe shredding thru the 1 dollar line daily like it did today. no line is impenetrable. especially in a gamed computer driven market.

Pick a price target.
My recent one was 94 cents...so of course price stopped today at ..... 95

The 50 ma and the 200 ma in the simplest chart picture.....and along with the 20 ma , showing 93 and 91 cent zone in play.

and theres that bottom bollinger band at 76 cents looking like a boogie man.

http://stockcharts.com/c-sc/sc?s=PVCT&p=D&b=5&g=0&i=p31748384203&r=1409160647396


http://stockcharts.com/c-sc/sc?s=PVCT&p=D&yr=0&mn=2&dy=13&i=p99154961140&r=1409161674444